The number of empty storefronts is surging in Midtown, where an absence of tourists and office workers has hammered the retail industry during the pandemic.
Nearly 30% of 311 storefronts were vacant in the retail corridors near Grand Central and in Midtown East as of the end of last month, roughly double the historical rate, according to a report Thursday from the Real Estate Board of New York.
Midtown’s recovery has lagged residential neighborhoods in Manhattan, Brooklyn and Queens, where storefront vacancies ranged from about 14% to 20%.
“The data underscores the critical need for workers to return to their offices,” Rob Byrnes, president of the East
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